Strategic Acquisition of LoveBiome
Successfully closed the strategic acquisition of LoveBiome on October 1, positioning LifeVantage in the fast-growing gut health segment. The gut health supplement market is projected to grow from $14.4 billion in 2025 to $32.4 billion in 2035.
Successful Integration and Event
Integration of LoveBiome is complete, with systems and website cutover. Nearly 2,000 registered at the Dallas Momentum Academy event, one of the largest ever, indicating strong consultant community engagement.
Positive Financial Indicators
Adjusted non-GAAP net income increased to $2.3 million or $0.18 per share, up from $1.9 million or $0.15 per share in the prior year period.
Technological Advancements
Great progress with Shopify partnership for a new e-commerce platform, expected to deliver significant growth potential.
Strong Cash Position
LifeVantage maintains a strong financial position with $13.1 million of cash and no debt.